Cambodian Economy Reviews

Abel Garamhegyi, State Secretary of Hungary’s Finance Minstry, led government delegation and businessmen to Cambodia said at the Ministry of Finance on Monday that the Hungarian government makes discussion to provide a US$ 50 million in soft loans to Cambodian government in order to help build infrastructure, and irrigation system and to promote agricultural productivity. [...]

The first-ever mobile phone banking service, known WING, was launched by financial services provider Australia and New Zealand (ANZ) Banking Group, which is a start-up offering mobile phone payments services in Cambodia, aimed mainly at the unbanked, the service enables user to make various transactions. New SMS based-mobile phone payments services, WING, which is ANZ’s [...]

Despite the global economic downturn, Malayan Banking Bhd (Maybank), which was set up its first brand in Phnom Penh since 1993, opened its third brand located along Mao Tse Tuong Boulevard. According to the Bank’s statement on January 23, the new brand would support its overall operation by offering trade finance facilities such as letters [...]